You can offer additional financial products to your users. This enables you to make your platform more flexible and improve your users' experience.
You can offer the following financial products:
- Card issuing
- Business accounts
- Business financing
Account structure
To comply with payment scheme regulations, you must have a balance platform and merchant account in each region that you are registered and wish to acquire payments.
In the following example, you have a large food delivery company called Food Delivery and want to offer the following additional financial services to your users:
- Issue cards to the delivery drivers to cover the costs of delivery.
- Create business accounts for the restaurants to pay their suppliers and partners.
- Offer business financing to restaurants you partner with to expand their business.
You can classify resources based on whether they belong to your platform or to your user(s).
Resources belonging to your platform
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A company account (FoodDeliveryLLC), that represents your business entity.
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Three merchant accounts, organized by country/region, to manage payment methods available in their area (NL, DE, and US):
- FoodDelivery_NL
- FoodDelivery_DE
- FoodDelivery_US
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Two balance platforms, one for each region in which you acquire payments (EU and US).
- FoodDelivery_EU
- FoodDelivery_US
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A liable account holder for your platform, and a liable balance account to hold your platform's funds.
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A legal entity in each acquiring region, containing information about your platform. This information is needed for required Know Your Customer (KYC) verification checks.
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(Optional) A grant account to track the total amount of the business financing offers that you granted and that the restaurants need to repay after they accept the offer.
Resources belonging to each user
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One or more stores tied to the respective merchant accounts (based on country of operation), representing your user's restaurant locations:
- Restaurant_AMS
- Restaurant_BER
- Restaurant_NYC
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At least one account holder for each country your user operates in, defining their payment processing capabilities.
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For each account holder, at least one balance account with a defined base currency, to hold your user's funds.
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For each account holder, one or more balance accounts to link to your user's payment instruments (business account and/or Adyen-issued card). If your user has multiple payment instruments, you can link them all to the same balance account, which must be separate from the balance account that holds your user's funds.
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For each balance account, a transfer instrument (verified bank account) to pay out that account's funds.
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(Optional) One or more payment instruments, whose transactions are processed using the funds in your user's balance account. These can be:
- An Adyen-issued card for each delivery driver, that they can use to pay for business expenses.
- A business account for each restaurant, that they can use to pay their suppliers and partners.
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A legal entity in each country your user operates in, containing information about their business. This information is needed for required Know Your Customer (KYC) verification checks.
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A business line in each country your user operates in, containing information about their industry. In this case, it is food and delivery services.
Diagram
The following diagram shows how these resources are connected.
